HSBC AM to phase out thermal coal investing

The firm’s active fund range will stop investing in thermal coal companies globally by 2040

Holly Roach
clock • 1 min read
HSBC AM to phase out thermal coal investing

HSBC Asset Management (AM) is set to phase out coal-fired power and thermal coal mining from its listed holdings.

The firm's transition away from thermal coal will see the exclusion of such companies by 2030 in the EU and the Organisation for Economic Co-operation and Development (OECD) markets, and globally b...

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